Which came closer to its stated multiple, DIG or ERX?

Over the window to Sep 30, 2026, DIG finished 0.8 points from what its multiple implies and ERX finished 0.4 points from its own, so ERX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are DIG and ERX levered on the same thing?

Yes. Both are levered on energy, DIG at +2 times and ERX at +2 times the daily move.

Which one decays faster, DIG or ERX?

Decay follows how much the underlying moves about. Over this window DIG’s moved at 21% annualized and ERX’s at 21%, so DIG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold DIG or ERX for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, DIG or ERX?

DIG charges 0.95% a year and ERX charges 0.91%, so ERX is cheaper. Fees come from each fund's prospectus.

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DIG vs ERX: which held to its multiple?

Over the days both have traded, DIG finished 0.8 points from its stated multiple and ERX 0.4. ProShares Ultra Energy and Direxion Daily Energy Bull 2X ETF.

+33.5%

DIG returned, 3 months

+33.9%

ERX returned, 3 months

−0.8 pts

DIG from its stated multiple

−0.4 pts

ERX from its stated multiple

DIG · 3 months to Sep 30, 20260.8 pts short of its stated multiple

DIG returned +33.5% while 2 times XLE's move would have been +34.3%

ERX · 3 months to Sep 30, 2026On its stated multiple

ERX returned +33.9% while 2 times XLE's move would have been +34.3%

ETFIQ Decay Resistance Score · ERX scores higherDid it keep up with its own daily multiple, compounded day by day?

DIG 63.8

ERX 75.7

0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	DIG	ERX	DIG	ERX	DIG	ERX
1 month	−7.2%	−7.0%	−6.5%	−6.5%	−0.7 pts	−0.5 pts
3 months	+33.5%	+33.9%	+34.3%	+34.3%	−0.8 pts	−0.4 pts
6 months	+5.7%	+6.0%	+11.3%	+11.3%	−5.7 pts	−5.4 pts
1 year	+80.4%	+81.1%	+83.2%	+83.2%	−2.8 pts	−2.1 pts
3 years	+59.9%	+60.7%	+99.1%	+99.1%	−39.2 pts	−38.3 pts
Since launch DIG Jan 2010 · ERX Jan 2010	+83.4%	−71.0%	not meaningful	not meaningful	not meaningful	not meaningful

DIG and ERX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

DIG

ProShares Ultra Energy · Aims to return twice the daily move of energy (XLE)

ERX

Direxion Daily Energy Bull 2X ETF · Aims to return twice the daily move of energy (XLE)

Issuer ProShares Direxion

Sets out to return +2x +2x

Underlying asset XLE XLE

Segment sector sector

Fund returned, 3 months or since launch +33.5% +33.9%

Underlying returned, over that window +17.2% +17.2%

What the stated multiple implies, over that window +34.3% +34.3%

Difference from stated, over that window −0.8 pts −0.4 pts

Fund returned, 1 year or since launch +80.4% +81.1%

Difference from stated, over that window −2.8 pts −2.1 pts

Underlying volatility 21% 21%

Difference over the days both have traded −0.8 pts −0.4 pts

Expense ratio 0.95% 0.91%

Launched Jan 4, 2010 Jan 4, 2010

Net assets $78m $232m

DIG and ERX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

DIG in plain words

Three months to Sep 30, 2026: DIG returned +33.5% where its own daily promise gave +35.7%, 2.2 points short. Read the multiple against the whole window instead and 2 times XLE's 17.2% implies +34.3%, which makes DIG look 0.8 points short. 1.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. DIG aims to return +2 times XLE's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. XLE moved at 21% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

ERX in plain words

Three months to Sep 30, 2026: ERX returned +33.9% where its own daily promise gave +35.7%, 1.8 points short. Read the multiple against the whole window instead and 2 times XLE's 17.2% implies +34.3%, which makes ERX look 0.4 points short. ERX aims to return +2 times XLE's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, DIG or ERX?: Over the window to Sep 30, 2026, DIG finished 0.8 points from what its multiple implies and ERX finished 0.4 points from its own, so ERX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are DIG and ERX levered on the same thing?: Yes. Both are levered on energy, DIG at +2 times and ERX at +2 times the daily move.
Which one decays faster, DIG or ERX?: Decay follows how much the underlying moves about. Over this window DIG’s moved at 21% annualized and ERX’s at 21%, so DIG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold DIG or ERX for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, DIG or ERX?: DIG charges 0.95% a year and ERX charges 0.91%, so ERX is cheaper. Fees come from each fund's prospectus.

Other comparisons

DIG vs DUG DIG vs ERY DIG vs XLEX ERX vs ERY ERX vs XLEX ERX vs DUG

XLE →DIG on its own →ERX on its own →How every figure is computed →Standards and sources →

Where these figures came from

DIG filings on SEC EDGAR ↗DIG prospectus with the expense ratio (SEC) ↗ProShares page for DIG ↗ERX filings on SEC EDGAR ↗ERX prospectus with the expense ratio (SEC) ↗Direxion website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, DIG against ERX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dig-vs-erx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.